Reetech International Cargo & Courier Ltd - IPO

Reetech International Cargo & Courier Ltd IPO Details

Public issue of 11,14,800 equity shares of face value of Rs. 10.00 each (Equity Shares) of Reetech International Cargo and Courier Limited (the Company or the Issuer) for cash at a price of Rs. 105.00 per equity share including a share premium of Rs. 95.00 per equity share (the Issue Price) aggregating to Rs. 11.71 crores (The Issue) comprising of a fresh issue of 5,97,600 equity shares aggregating to Rs. 6.27 crores (the Fresh Issue) and an offer for sale of 5,17,200 equity shares by the selling shareholders (Offer for Sale) aggregating to Rs. 5.43 crores of which 56,400 equity shares aggregating to Rs. 0.59 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 10,58,400 equity shares aggregating to Rs. 11.11 crores (the Net Issue). The issue and the net issue will constitute 26.37% and 25.04% respectivelyof the post issue paid-up equity share capital of the company.The face value of the equity share is Rs. 10.00 and the issue price is 10.5 times of the face value of the equity shares.

Objective of issue

Working Capital Requirements. General Corporate Purposes.

Reetech International Cargo & Courier Ltd Contact Details

Reetech International Cargo & Courier Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - info@reetechinternational.com

Website - www.reetechinternational.com